Probate & Estate Administration
When a loved one passes away and the handling of their estate (homestead, financial assets, and more) needs to take place, we call this process Estate Administration. Depending on the complexity, this process can sometimes take six months to more than a year to complete, and can feel overwhelming and complicated. Hampton Law works to make this process as seamless as possible.
If you need assistance with probate and/or estate administration, we have answers.
You can rely on our years of experience and professionalism. Hampton Law provides probate and estate administration services throughout all of Lee County, Fla.
Click here to get in touch.
The typical process for probate looks something like this includes:
- A last will (if one exists) and death certificate are submitted to the court
- A personal representative is appointed
- Creditors are noticed
- Inventory is filed
- Creditors are paid
- Final accounting is completed
- Beneficiaries receive their distributions before the personal representative is discharged
Estate Administration can address:
- Frozen checking and savings accounts
- Selling of a homestead or personal property
- Life insurance
Benefits that come with probate:
- It offers protection from creditors
- After your estate has been probated, creditors cannot make claims on the assets.
- It provides a fair analysis of estate value
- If an heir believes estate has been overvalued, they can bring in an independent assessor before the judge.
- Protection from certain taxation
- Since an estate is a separate taxable entity, you may be able to reduce taxes by shifting income.
- You have a lower cost of legal counsel
- It costs less for legal counsel to draft a will than it does for them to draft a living trust.
Hampton Law works to turn a stressful situation into a manageable one. If you’ve had a loved one pass away recently, you have our deepest sympathies. And we’re here to help. Please give us a call today to schedule a consultation.